Form 4: Comerica SEVP & COO Megan D. Crespi Reports Changes in Beneficial Ownership
SEC Form 4 Filing
Megan D. Crespi, SEVP & COO of Comerica Inc, reports changes in beneficial ownership of common stock due to the vesting of performance restricted stock units and shares withheld for taxes.
Summary
- On February 26, 2024, Megan D. Crespi acquired 10,102 shares of Comerica Inc. common stock upon the vesting of performance restricted stock units.
- Also on February 26, 2024, 4,405 shares were disposed of to cover tax obligations related to the vesting of the restricted stock units at a price of $48.97 per share.
- Following these transactions, Crespi directly owns 39,686 shares of Comerica Inc. common stock.
Sentiment
Score: 5
Explanation: The document is a standard regulatory filing, so the sentiment is neutral. It reflects routine transactions related to executive compensation.
Positives
- The vesting of performance restricted stock units suggests that performance targets were met, which could be viewed positively.
Industry Context
Form 4 filings are a routine part of insider trading regulations, providing transparency into the transactions of company executives and directors.
Stakeholder Impact
- The transactions have a minor impact on shareholders as they reflect routine executive compensation adjustments.
Key Dates
| Date | Description |
|---|---|
| 02/26/2024 | Date of stock acquisition and disposal due to vesting of performance restricted stock units and tax withholding. |
| 02/28/2024 | Date of signature for the Form 4 filing. |
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